54
COMMERCIAL.
TEA.
The export to 2nd instant from Hankow as per Customs Returns stands thus :----
Exports.
Re-exports.
27,725,243 lbs....... 14,606,631 lbs.
10,068,075
10,130,578
*
Total.
1903-4
THE HONGKONG WEEKLY PRESS AND
No business has lately been done in the Kobe market in Hongkong Refineds, the prices asked by sellers being above dealers' ideas. Osaka Refineds have recently been selling at an advance | on former sales, and there has been a moderate demand for heet
sugar.
}
RICE.
Hongkong, 15th July-The dewnward tendency continues large demands having come forward. Saigon, Ordinary
.$2.40 to $2.55
Season..
1904-1905.
1903-1904..
1902-1903.
.17,690,702 20,521,901
+3
E
Fotal.
1904-5.
Via Shanghai,
United States &
35
Canada
.2.397,409
2,862,885
Continent..
.3,146,819
"
1,555,085
"1
Eussia in Europe 89,295
11,282,981
11
do. via North
5,661,860
拿多
Fine Cargo
++
Shanghai
825,807
1,067,972
To Great Britain...5,315,497 lbs. 4,993,257 lbs.
Direct 1904/5.
Gr. Britain.
S.S." Glenturret "...1,938,477 lbs.
S.8. "Shrewsbury 4,399,056
S.S." Prometheus 3,159,097 S.S." Armenia.
19
S.S. "Oceano " ..5,080,935 S.S. Ambrin'
་་
SILK.
Continent.
lbs.
零售
87,207
BY
6,089,909
H
*
(1
5,423,096
Canton, 2nd July, 1904. Third crop. The favourable prospects surrounding this crop have been marred at the last moment by bad weather; and instead of the large yield expected, the out- rut will be far undir that of the previous year. The cost of mulberry leaves has risen from $1 to $3 per picul. Long-reels.-Since our last report, considerable activity has ruled in all sorts for Europe; but latterly transactions have been checked by advancing Exchange. The demand has run mostly on coarse sized from 16'18 to 30/40. The stock of Native Best 3me ordre has
been cleared out: an average of $710 have been paid for 11/13-13/15-14/18. Als 9/11 and 10/12 have been in enquiry it full rates, but dealers are reluctant to contract for fine sizes with for ward delivery. The market closes in a steady e di ion, with a steady stock much reduced, about 1,200 bales. From prices paid we quote:- Wing Cheong Sing 11/13 at $870, King Seng 11/13-13/15 at 8815, Chee Chung Wo 11/13 and Kwong Wo Tai 11/13 at $300, Yee Wo Cheong 18/22 at $695, Yee Wo Lun 11/13-13/15-14/18 at $710, Yee Wo Hing 30/40 at $620. Shor:-reels.-- There has been a little more enquiry in this grade from two or three quarters, and some lots have been placed on the basis of Tien Po Hang 14/16 at $76. Rereels seem to be fout of demand, and American trade in general shows no anima- tion. Waste Silk. This has been very little dealt in during the last fortnight; but holders seem to be confident and are not ready to give way in prices.
Messrs. A. R. Burkill & Sons in their Silk Circular, dated Shanghai, 1st July, 1904, state:-The home markets are quiet. Gold Kiling is quoted in London at 10-9 and in Lyons at Fes 30.25. Raw Silk.--The Tsatlee market is in a very unsettled condition. The cost of Gold Kiling has advanced 10 p.c. since the market opened. Country holders to-day are asking 550. Buyers in the market are willing to pay 540-545 but these prices will not tempt holders, who fear that sales here will send the market in the Interior up still further. Yel- low Silk.--Small stocks of Mienyang and Mien- chew have arrived and a fair amount of business has been done. Hand Filatures.-Further sales of Small Buffalo are reported but very little bus- iness doing. Steam Filatures.-Very little doing. a few sales of market chops are reported for the
Continent but these prices however cannot be taken as a guide to the market. Waste Silk.— The market continues stagnant. Chinese specu- lators have been operating in Kading Frisonets 70.20.10 at Tls. 35-36. In Curlies we do not hear of any transactions; dealers are asking about Tls. 90. The home markets continue very de- pressed.
SUGAR
HONGKONG, 15th July.-There is no change in the yric a as when last reported. Shekloong, No. 1, White......$8.70 to $3.75 pels.
2, White...... 7.75 to 1, Brown..
Do.
7.80
10
1
Do.
6.05 to
6.10
71
$1
Do.
2, Brown...... 50 to
5.95
Swatow,
No. 1, White...... 8.55 to
8.60
•
Do.
7.70
21
Do.
8.00
31
"
Do.
6.80
J
2, White...... 7.60 to 1, Brown...... 5.95 to 2, Brown...... 5.75 to
......... 12.80 to 12.85 .........10.90 to 10,95
Foochow Sugar Candy Shekloong
11
#
Round, good quality Long
Siam, Field mill cleaned, No, 2
Garden.
White,
3.80 to 3.05
4.00 to 4.15
2.55 to 2.60
No. 1
3.20 to 3.25
4.10 to 4.15 4.20 to 4.30
OPIUM.
HONGKONG, 14th July.
We beg to continue our advices of the 30th ultimo, since when the movements in our various Opium markets have been as follows:—
Malwa, Palna, Benares, Persian,
Stocks as për circular of
30th June, 1906. June 30th Imports per Chuan July 8th
Lightning
13th
Less Exports to Rhanghai Less Exports to East and“
West Coast. Ports including Local Consumption for the fortnight..
340
1,230} 2,401 1,403 2,329 110 250 140 1011
10
130
100
1,346)
201
3,085 1,653 2,629)
194 278
9014
1914 5:33 287 1548
+
stock. Towards the close the market is weak
Malwa. The market is steady, prices of old drug have improved somewhat, but generally the improvement here has not kept pace with the Rom. hay and Shanghai markets. Quotations are :—
years old
New
+3
3
11
11
$1,000/1,020 $1,040/1,060
$1,080/1,100
$1,200/1,210
$1,226/1,250
4-5 Oldest Persian. A fair business has been done at $925/880.
14th July.
Quotations are:-Allowance net to 1 catty. Malwa New
$1000 .$106:1
Malwa Old
to $1040 per picul.
Malwa Older Malwa V. Old
$1180
.$1230
to $1100 do. to $1210 do. to $1260 do.
Persian fine quality....$850
to
A
do.
Persian extra fine
.$880 to
do.
.81220 to
per
$1320 to
do.
.$1200 to to
do.
do.
Patna New Patna Old Benares New Benares, Old
...$1240
chest.
[July 16, 1904.
Japanese Yarn A further decline in rates of $3 to $4 per bald has induced a considerable business, and about 2,600 bales are reported to have changed hands, say No. 20s Bettsu 700 bales at $1321 to $131, 1700 bales Shensu at 128 to $127)2 and 200 bales Sakni at $128) and 200 bales No. 328 Kanegafuche at $175.
Raw Cotton:-There is no movement in cotton whatever, and until prices are further reduced we do not expect any business of importance. The stock of Bengal on the market is estimated at 2,000 bales. Quotations are Indian $20 to $30 and Chinese $30 to $32.
•
Exchange on India after some fluctuation closes to-day at Rs, 138 for T/T and Rs. 138 for Post. On Shanghai 711 and on Japan 901.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 2nd instant, vis-
Indian-At a slight recovery in prices about 5,000 bales are reported sold during the interval, Ray 2,250 bales No. 10s, 15 bales No. 128, 50 bales No. 148, 20 bales No. 16s, and 2,665 bales No. 20s, market closing steddy, and estimated unsold stock about 28,000 bales.
Japanese-Prices have declined two taels and sales of about 2,000 hales are reported on the basis of Tls. 881 to 96 for No. 188, and Tla. 95 to 994 for No. 20s, market closing weak.
Local-Inquiry from first hands is at a stand- still; the lower prices offered in sympathy with the decline in imported yarns rendering business impracticable.
MISCELLANEOUS IMPORTS.
Shanghai, 7th July.
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, state- During the interval since our last issue very
little news has come to hand about the war be
ཏྭཾ-
Estimated Stocks this day
2,258 1,008 2,469 Bengal. The dewand has been on a very sinall scale indeed as the Chinese are holding a large owing to the heavy decline from Calcutta. Quo-yond the fact that the Japanese are steadily and tations are: Patna $1,2171, Benares $1,200.
apparently successfully wearing down the Rus- sians. The further advance in exchange has curtailed the immediate business to a considerable extent, as the merchants, fearing that exchange will
go still higher have dropped their prices for more than even the rise in this factor warrants, except in such cases where they must have the goods to fill pressing orders. There has, however, been a welcome revival in business for Newchwang, and it is reported that several of the merchants have made new purchases, whilst clearances of old contracts are said to be fair. These remarks apply almost entirely to American Sheetings and Yarns, other classes of goods being neglected. Clearances all round seen to have been fairly satisfactory, chiefly for the River Ports, but Fancies are not moving off so freely as they might, although the fact must not be lost sight of that the summer months are usually a slack time for most Fancies, except such goods Lawns and similar articles, light in texture as well as colour. Fast Black Italians privately are quite neglected, the merchants offers being con- siderably below present home costs calculated at to-day's exchange. What demand there is now is more or less speculative and things should im- prove as soon as consumers show anxiety to replenish their stocks, althongh with the heavy stocks here and the full supplies on the way, there is almost sure to be great pressure to sell. Forward business has been confined mainly to December and January shipment, but dealers are not very anxious to commit themselves at present, so far ahead. Where they have been able to get fairly prompt shipment at prices not much higher than market values here they have been tempted to operate in well-known chops, but such opport- unities are few and far between. Manchester is having dropped 28 points during the interval but reported steady, with Mid-American quoted 6.06d. afterwards recovering 10 points. Egyptian is 1.164. higher at Bijd. We do not hear of any business having been done with New York al- though certain holders of Sheetings are quoting comparatively low prices in order to clear out stocks without however attracting buyers, for al- though the statistical position is very sound, the uncertainty regarding the Autumn trade with the North causes all concerned to act very cau- tiously. As regards the New American Cotton crop, the last reports are to the effect that con- ditions are about 8 per cent. better than same time last year. Some telegrams, we may mention. report that it is 9 per cent. better. Exports of Plain Cottons from the United Kingdon to Hong- kong and China for last month are wired private- ly as 11,000,000 yards. In yarns about 3,900 bales have changed hands at about Tla. 2 per bale lower than prices ruling a week ago, con-
COAL.
The arrivals of coal up to date at Hongkong have been 19,500 tons of Japanese coal, and 1,000 tons of Cardiff coal all sold; and 24,000 tons of Japanese coal are expected to arrive shortly.
YARN.
July 15th, says: Dealers have taken advantage Mr. Eduljee in his report, dated Hongkong,
of the weak position that holders had assumed and have cleared the market of all available favourite spinnings on offer. The few bales of desirable tickets remaining in stock were taken up for immediate requirements, but buyers have con- fined their purchases chiefly to forward delivery, and the bulk of sales noted below are "to arrive
during August-September. No improvement is noticeable in values, but on the other hand no material decline has taken place, and although quotations here and there show some variation, the market on the whole may be termed unchanged and closes steady. The low counts of coarser threads have attracted some attention: Nos. 10s and 128 form, as usual, the bulk of the total settlements, and Nos. 16s and 20s have heen moderately dealt in.
Local Manufacture:-These spinnings have been in some evidence and sales of 400 bales No.
108. at $112, and 550 bales No. 128. at 314 aresisting mainly of 10s. for Newchwang, Tientsin reported.
and the River Ports and 20s. for the River Ports.
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